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الحقيقة الدولية
Oil falls 2% on Iran and Oman talks
Oil prices fell by about 2% today, Wednesday, as markets continue to respond to developments in Iran's talks with Oman regarding the management of the Strait of Hormuz, a strategic waterway through which about 5% of global oil shipments pass. Brent crude decreased to $86.80 per barrel, and West Texas Intermediate to $80.87, after having declined by over 3% on Tuesday, amid expectations that the strait could reopen soon following Iran's resumption of talks with Oman about establishing a joint shipping corridor and removing mines. This comes amid Iranian statements indicating a restart of dialogue and assurances that tensions persist, with US sanctions and attacks on oil tankers ongoing. Market data also show US oil inventories rose by 4.2 million barrels last week.
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